It was once the most controversial piece of property on Staten Island.

The plot of land on the West Shore was purchased in 2004 by the International Speedway Corporation, with plans to build a NASCAR track.

Fierce opposition to the proposal inevitably killed it.  Now several years later, that the property will finally see new life.

Matrix Development Group has purchased a large piece of the land.

NY1's Anthony Pascale talked about the plans with Steve Grillo from the Staten Island Economic Development Corporation.